### What is Fasttoken?

Fasttoken (FTN) is the native cryptocurrency of the Bahamut blockchain, which is a public EVM-based layer 1 solution. It functions primarily as a utility token, facilitating staking, block creation, validation mechanisms, and cross-chain operations within its ecosystem.

### How does Fasttoken work?

Fasttoken operates on the Fastex Chain, an EVM-compatible blockchain that utilises the Proof-of-Staked-Activity (PoSA) consensus mechanism. This consensus model enables a fair distribution of block validation rewards among participants. Smart contracts on Fastex Chain permit the execution of programmable transactions and facilitate the creation of decentralised applications (DApps). A notable feature involves Fast Channels, which enhance scalability by moving certain processes and data transfer off the main blockchain.

### What are the potential use cases for Fasttoken?

Fasttoken has diverse use cases, including:
- Integration into a unified payment system supporting both fiat and crypto transactions.
- Enabling DApps through smart contracts, which can be applied in finance, gaming, and more.
- Utilisation in gaming and e-commerce platforms for payments.
- Incorporation into cross-chain operations and a fiat-to-crypto gateway, aiding token transfers across networks.
- Facilitating transactions in the ftNFT marketplace where NFTs are bought, sold, and traded.

### What is the history of Fasttoken?

Fasttoken's journey began with its founding by Vigen Badalyan in 2017, under the umbrella of Fastex. Initial phases involved developing blockchain-based games and building the Fast Channel protocol. Over the following years, Fasttoken accomplished significant technical and market milestones, launching the Fastex Chain and conducting successful token sales. It has provided solutions like cryptocurrency exchanges, unified payment systems, and a decentralised platform for smart contracts, solidifying its market presence and technological foundation.

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